Purchase Solution

External Environment Strategies: Technology and Economy

Not what you're looking for?

Ask Custom Question

Identify strategies from organizations that minimize the each of the threats and maximize each of the opportunities identified from the external environment in regard to technology and economy, please add references and would like at least 1000 words please.

Purchase this Solution
Solution Summary

This solution identifies at least four main strategies that minimize threats and maximize opportunities identified from the external environment in regard to technology and economy. It defines each strategy and lists its strength and weaknesses. All references used are included.

Solution Preview

The strategies that minimize threats and maximize each of the opportunities identified from external environment in regard to technology and economy is the use of the scanning of internal and external environment with SWOT Analysis tools. SWOT analysis is an important analytical tool for strategic planning that stands for strength, weakness, opportunities, and threats. The SWOT analysis identify the positives and negatives inside your organization (S-W) and outside of it, in the external environment ( O-T). The SWOT analysis can fit into strategic situation analysis. In SWOT analysis, there are internal analysis and external analysis. The Internal Analysis include strengths and weaknesses. The external analysis include opportunities and threats. SWOT analysis begins by evaluating the current situation in respect of the internal and external environment of the business. The evaluation of the current situation will lead to the identification of internal and external factors affecting business. The internal factors can be strength, but can be some type of weaknesses of business, but external factors can be the opportunities or threats to the business. The purpose is to determine whether an internal factor is strength or weakness of our business and whether an external factor is opportunity or threat for our business.
There are several strategies that should be taking advantage of opportunities that fit the strengths of the business. These strategies take advantage of opportunities that fit the strength of the business.
One strategy is the S-O strategies (Strength-Opportunity Strategies) that ...

Purchase this Solution
Free BrainMass Quizzes
Labor and Delivery

Do you know about the stages of delivery? Find out with this quiz!

Crohn's Disease

How much do you know about this condition?

Test your health planning and program evaluation knowledge

Health planning and program evaluation is an important aspect of the Health Sciences' field. Organizations and communities must understand the needs of their audiences, and a way to obtain this datum is through proper design and assessment. This quiz will test your ability to understand the importance of planning and evaluation in the health sector.

Fibromyalgia

This quiz provides a brief overview of Fibromyalgia. Research is currently evolving regarding this diagnosis.

CPR (Red Cross Standards)

Are you up to date on your CPR skills? Find out if you know what to do in an emergency with this quiz.

View More Free Quizzes
Related BrainMass Solutions

  • Conduct an environmental scan focusing on both the internal

    There are several external factors that affect the organization, and these are consumers, competitors, partners, suppliers, new technology, economic environment, market trends, social changes and regulatory environment.

  • decision-makers

    After identifying these factors, a decision maker can create effective strategies and require being attentive of realities in the business environment. The formulation strategy begins with a scanning of both the internal and external environment.

  • Explain with example: The success of a business will be closely influenced by the external environment, particularly the market economy

    61746 External environment/allocation of resources A) Explain with example: The success of a business will be closely influenced by the external environment, particularly the market economy.

  • Environments Shape Organizations

    Analysis of the external environments 1. Global financial economy, changing market trends, changing demographics II. The shaping of the organization by the environment (Pfeffer, et all 2012). A.

  • Accomplishment of objectives by successful managers

    A successful manager and leader needs to continuously monitor changes and trends in the internal and external environment in order to ensure efficacy of its strategic plan.

  • Cisco's strategic moves have dictated that it change its structure.

    It is because; technology up gradation brings lot of indirect & direct cost for Cisco (Cisco. 2012). In addition, external environmental factors might influence the functioning as well as strategies used by Cisco.

  • Opening a Gym

    Especially for a new firm like our gym, the competitive strategies have to be responsive, adaptive and flexible in order to continuously adapt to changing dynamics of the external business environment and changing competitive scenario.

  • Global Competitiveness

    In fact, firms cannot isolate themselves from or ignore external factors such as technology innovation, economic trends, or competitive situations in other countries, if some of their competitors are competing or are located in those countries.

  • External Factors Affecting Strategic IS Plan

    Through the development of marketing and information technology strategies and tactics, the organizational goals will help to measure the financial and operational opportunities and risks involved in implementing such processes.

View More Related Solutions